Your MYOB software isn't specifically designed to track the buying and selling of shares, but it's flexible enough to be customised for this purpose. We'll step you through one method you can use to ...
Updated 9 years ago
Version 1.0
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Thanks Duncan. Is there a step missing before we do the Journal Entry, ie. how do we complete the Receive Money window for the example transaction? (I suspect there is supposed to be both a positive entry and a negative entry in that window but figuring it out is doing my head in...)
Rightly or wrongly, my head says that after the Receive Money and the Journal Entry, the final value of the Asset account ought to be in the order of $6000?
I'm basing this on it having been $10,030 before the sale (the $30 being the brokerage on the purchase), and we've sold just 4000 of the shares that were originally bought @ $1 each.
Cheers, Hal